311 days ago
Having initially “refuted” the allegations made by Hindenburg Research and said it would provide its own detailed response, Chris Cleverly’s billion bucks fraud Tingo (TIO) has changed tack and brought in law form White & Case to review the claims. This is a bluff from the fraudsters’ playbook.
625 days ago
Ed Croft’s Stockopedia is the stock picking system that ranged the Quindell (QPP) fraud as one of the cheapest companies on AIM and said that Globo (GBO) scored 92/100 as a buy. It was a fraud too and went bust. Then there was Wirecard which Stocko pushed aggressively just 3 days before the balloon went up! Two years after the Woodford blow up, Ed is now and expert saying his system could have predicted it. Whatever. So how would Ed’s system assess company X which has just filed 2021 accounts
1064 days ago
Matt and his Shadowfall company earned great plaudits when it came to exposing the Wirecard fraud. He has today published a report on lessons all should learn and some read across shorts. Enjoy.
1093 days ago
Yesterday twitter was buzzing with shareholders in Supply@ME Capital (SYME) trolling me and attacking me about this article which they clearly had not even read. That is double evidence of how dumb they are. But in case you think it is just me who gets this sort of low grade trolling, check out these tweets sent late last week to Fraser Perring, the bear who exposed Wirecard and is now sticking it to Grenke AG. I often wonder if ther wives of folks who send such tweets have any idea what their other half’s are up to and such despicable morons they think such behaviour will actually protect their investments in duff companies?
1218 days ago
Thanks to reader Paul we have an answer. Normally companies presenting at such events, as they pay to do so, do not always deliver in terms of share price gains. In fact Ed Croft of Stockopedia claims they always do the reverse, they underperform. That would be unlike big calls from Stockopedia, which tipped Wirecard as a storming buy 2 days before what was obviously Europe’s largest fraud went tits up and also said Quindell was one of the cheapest shares on AIM. Did I mention Globo, Ed had that as a big buy too before it became a zero. Anyhow back to our show in May…
1270 days ago
As you know we have been big bears of AIM promote Elecosoft (ELCO). There were so many red flags when we published a major bear report HERE including Stockopedia of Wirecard, Globo & Quindell infamy having it as atop pick, Vox Markets promotion and highly aggressive accounting. They mounted when ElecoSoft started threatening legal action. Since then the chairman and founder has walked and now this.
1346 days ago
Tipping as a major buy, shares in Wirecard, Europe’s largest fraud and a company every bear on the planet had called out as a fraud, 48 hours before the stock collapsed was perhaps not the greatest day for Ed Croft and Stockopedia. Even worse than the days when the system rated the Globo and Quindell frauds as massive buys. So maybe Stockopedia can redeem itself with a call on mystery Company A which has filed its accounts for calendar 2019.
1399 days ago
Just two days before Wirecard, Germany’s biggest fraud since Hitler, was unmasked, it became the latest in a line of frauds to get a glowing endorsement from Ed Croft’s stock picking system at Stockopedia. And thus, the CEO’s of ten gold stocks should be warned that they too have been granted the sweet kiss of death that is a Stockopedia endorsement. Gulp… I own one of them.
1405 days ago
I start with the economy and the idea of Michael Gove and Boris Johnson that somehow FDR shows us the way out of this mess they have created. Sure,conscript all the snowflakes, after they have finished their degrees in media and gender studies and send them to invade Albania. It sort of worked in 1939. Seriously, this is more madness. Then I look at the nature of fraud and our failure to tackle it ref Wirecast, Blur and auditor EY now being sued by 1,000 cockwomble investors who “thought they knew better.”
1413 days ago
I have an announcement. Please keep July 18 free. All is explained in this podcast. Then I discuss the fraud Wirecard and the cult of the “star fund manager.” It seems that only 20% of shops will pay their rent on June 30th? Are the 20% mad? Why would anyone pay. I look at what this all means for the three parties at play: retailers, landords and banks.
1414 days ago
I start with a few words on the summer weather here in Wales. then it is on to Big Sofa (BST). Then onto a few words about Neill Ricketts, Versarien (VRS), Rolls Royce (RR.), me, Cheryl Cole and the company’s latest promo video HERE. Finally, onto Wirecard a German Norfolk which tests the Roger Lawson thesis on how to deal with short sellers to destruction as it implodes.
1869 days ago
Wirecard is a German company which looks like a Norfolk and walks like one and where the FT - to its credit - has done sterling work making that clear. The German regulator has responded by banning shorting of this stock. A letter from Safkhet capital to the foolish Krauts explains why this is folly. This is a very clear explanation of why it NEVER makes sense to ban shorting.
